The Volcker Rule, Named for a Former Fed Chair

question 25

Multiple Choice

The Volcker Rule, named for a former Fed chair

• A)is intended to increase the powers of the Fed.
• B)states that the U.S. government will rescue certain large banks if necessary to reduce systemic risk in the financial system.
• C)sets limits on banks' proprietary trading.
• D)requires all banks to undergo annual stress tests.

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Definitions:

Article 6

Article 6 is a broadly used term that can reference a specific provision within a document; without additional context, its specific interpretation can vary widely.

Uniform Commercial Code

An extensive collection of statutes that regulate business dealings in the United States, designed to unify legal requirements throughout the states.

Bulk Sales

Transactions where a business sells a significant portion of its inventory to a single buyer as part of liquidating the business or changing its product line.

Physical Duress

Coercion involving the threat of physical harm to compel someone to do something against their will or judgment.